A Company Purchased a Computer System on March 1

Multiple Choice

A company purchased a computer system on March 1. Its cost was $55,000 and it had an estimated salvage value of $10,000. It was expected to have a useful life of 5 years. To the nearest dollar, the depreciation for year 2 using straight-line depreciation will be: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

A) $11,000.
B) $9,000.
C) $7,500.
D) $6,750.